Gable raises $12 million to help employers and employees in remote working options
Remote work options and workplace flexibility can be confusing for both employees and employers, but Gable aims to simplify the process for all parties involved. The company recently raised $12 million in Series A funding, adding to a total of $25 million raised over three funding rounds. The company provides a one-stop shop for managing remote work options for employees. Through the Gable portal, employees can search and find a role among locally available workspaces in 26 different countries, and employers can manage payments.
Liza Mash Levin and Omri Haviv, former Microsoft PMs and engineering executives, founded the company. Gable came out in 2020 when COVID-19 started forcing companies to shift to remote working mode and fundamentally change how and where teams work together.
Today, the start-up that helps distributed enterprises manage office space for their employees, announced a $16 million funding round. Employees can use Gable’s portal to see where their colleagues are working that day and book a desk near them, while companies manage budgets and monitor employee satisfaction. SemperVirens and Foundation Capital co-led the round, with participation from Tishman Speyer Ventures, Ulu Ventures and January Ventures.
Numerous studies show that employees value flexibility in the workplace, but they also recognize that it comes at a cost. Employees may feel disconnected from their colleagues, and some wonder if working remotely is a barrier to advancement. Remote hiring offers employers the opportunity to build the strongest teams that are best suited for their business, but the downside is that in addition to maintaining employee engagement and satisfaction, employers must also manage budgets and determine how to create value and withdraw funds from their existing premises.
The way people work has changed dramatically over the past three years. According to a recent McKinsey survey, 98 million American workers now have the option of working remotely. A recent Deloitte survey found that 77% of respondents cite a desire for greater flexibility in the workplace as their main motivation for changing jobs. At the same time, more employees are reporting burnout, disconnect and disengagement.
Gable co-founder and CEO Liza Mash Levin says that most employees want flexibility, but they also want to be able to meet and connect with colleagues. At the same time, companies are struggling to provide work spaces across multiple locations, control budgets, and better understand how space is being used. The Portal not only displays which nearby workspaces are available within the company’s budget but also shows whether co-workers need to work there as well.
Someone can then book to work with colleagues, giving them a sense of connection. According to Gable, companies that use the services see a 75% increase in employee interest in coming to the office. Gable says the service saves time and money by helping multiple teams within a company, from HR and people operations to real estate and labour teams.
The benefits of Gable include checking all locations on their list for things like Wi-Fi speed and kitchen availability. Its pay-as-you-go model is designed to give businesses control over their flexible work environment spending while reducing costs.
Gable says the tool can help companies reduce real estate costs by describing how they spend money on office space. It also aims to save time by integrating its centralized management suite with HRIS and Slack tools. Gable can provide workspaces in cities around the world, from Buenos Aires to Yokohama, and from Brisbane to Vancouver.
More than 5,000 employees use Gable’s services, according to the company. Gable reports that since moving there, employee productivity, collaboration and satisfaction have increased 4-5x, and they now hope to bring that increased engagement to even more companies and employees.
